already. >> neil: he's targeting these sectors. ly managed funds dohe sectors -- not out perform. >> that's true. >> with just 17 days left until election day, gas prices are at an all-time high. more than double where they were when president obama took ofce. whenhe president took office, the price of gasoline in naus county was $1.86 a gallon. now it's 4 bucks a gallon. >> he said when i took offe the pri was $1.80. $1.86? why is tha the economy was on t verge of collapse. because we were about to go through the worst recession since the great depression. >> the president wentt on to say the gas prices are going back up because demand is back up. governor romney says prices are spiking because of te

president's green energy push. i'm david asman, welcome to forbes on fox. >> full house today. mike, is the president right? >> no, he's absotely wrong. he showed how clueless he was about our energy policy. blaming the stronger economy on higher gasoline prices misses the point of the reagan recovery where t economy boomed and gasoline prices fell and the clinton recovery where gas prices fell. the president blocked the pipeline from canada which is cost us a tremendous amount of jobs. he confiscates taxpayer dollars. >> rick unger a lot of conservative critics of romney are concerned we didn't hear about solyndra. >> it's teresting because mike made compelling arguments. the problem is absolutely none of them have anything to do with

the price of gasoline. ok, you can argue if you like that the president's energy policies could have an impact down the road. i would tell you you're wrong but that's an argument we can ve. the reality ishat we see pruction up. there's no disputing it. you can give president bush credit if you like. none of that impacts on the current price of gasoline. ta to men four years. if you don't like the prices, that would be the time to say if you hadn't focused on green energy, maybe. >> the fact is president obama is taking credited for the fact we're pumping more oil even though people say he doesn't deserve t on federal lands, oil production is down. >> it's down on federal lands. production is up in the private sector and- the argument has been made the mark sets prices. yes, the markets set prices but they tend to forget the middle east opec cartel controls 40% of the oil supply.

the president needs to focus on supply issues and during the great recession, gas was still $3 and $4 a gallon. until george w. bush lifted the moratorium on drilling in the gulf, gas plund by 30 cents and the -- now president obama said i agree with that. he said it is about supply. >> bill, is gas going u because of the president's policies or not? >> maybe because of the president's policies but the real question is is it because of his green policies. focus on one cause of driver anguish. the ethanol mandate. they're black jobs. ethanol destroys the environment. i'm looking for a president candidate who opposes the boon ogal. >> john, i know rick disputes

this and the preside disputes this but aording to a totally nonpartisan group, u..s. enenery information administration, total oil, gas and coal production in public areas plunged from 18 quad drillen btu -- excuse me, 21 billion b to 18. that's a big drop, a 15% drop. we've seen less oil, coal, and gas production on public lands. >> maybe so but i would also say that's irrelevant the problem with this discussi is we're talking about a national ergy policy. we don't have a national shoe policy or national computer policy or national policy for breakfast cereal but we get all three with ease. we're awash in oil around the world. oil is expensive because the dollar is cheap. even if every oil producer in the world embargoed us, let's

get out of national policy and let markets work. >> if we let markets work wi gas prices come dwn? >> the problem is we're dependented on the middle east for oil. and presidenobama is president of the united states, not the the of opec. in that case, he doesn't hve much control over oil prices. and i have to agree with rick on this one. his green picy -- >> you happily agree with rick. >> so uncomfortable. his green policies may affect oil five or ten years from now but right now, they're not. it's supply and demandnd gas prices go up and down accordingly. we should reduce or depend dense on the middle east. >> it's not only the pce. victoria is on the mark, it's about foreign oil. in north dakota, huge deposits of gas and oil they're finding, you see t way we're able to

get oil from shale through production methods we didn't know existed 20 years ago, we could become energy sufficient. >> more from canada than any other country and they're not an enemy of hours. there is a huge difference betweewhat president obama is doing and what governor romney proposes. president obama wants to dictate energy policy from the white house, which he's been a huge failure at doing romney wants to put control back into the private marketplace and that's where it belgs. >> rick? >> it would be aore interesting to discussion to talk about the national breakfast cereal. >> we are not. i like that. >> as moderator, we're not going to talk about breakfast scroll. >> look, it is what it is and i don't know why we have to change the message. diussing realitys not satisfying in an election year to certain sides. the reality is the green policy

of the obama administration, maybe you like it, maybe you don't. i happen to think it's ncessary but it's -- >> it's not working. >> it's too early know if it's working. >> hold on.. you want reality? here's reality. the president spent $4 billion on 36 windarms. the government claimed to have 7,200 jobs that resulted from this. the "wall street journal" went to the wind farms and found 300 farms. the government is overstating the amount of jobs. >> wait, wait. we're talking abt -- we've been trying green energy since before the rter administration and it's not delivering the energy power this country needs to live and thrive and basilly grow. what we're talking about is again and again, it's suppl issues. the fact is when we signal to the markets that we're going to increase oil supply time and again, you seeasoline prices

dropping. that's the issue. >> yeah, supply and demand. thank you, gang. >> i have a lot of similar political freedoms that we started discussing. he has a lot of great ideas. it was really good. >> lindsay's right. neil has great ideas when it comes to covering politics. it's not about red or blue with neil, it's about green. you can s this monday on "fox business," neil's covering the final presidential debate from boca raton, florida, 8:00 p.m. eastern to midnight. > next, from the record high gas prices we talked about to sticker shock at the supermarket. sure feels like inflation, doesn't it? but did the government just deny we have any inflation problem at all in america? we report, you decide. when we these fellas used capital one venture miles

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>> you know btter than anybody. consumer prices seeing the biggest two month jump in four years. prices on just about everything going up but te government says inflation is so tame, it's actually ging seniors one of the smallest increases to their social security checks since the automatic hikes stard in 1975. you say this is proof washington is denying we have an inplaying problem. >> the irony is 1975 is when the

government started toutin inflation that knocks out food and energy prices though the government has loads of inflation measures but trumpetedded this one. food costs across the country were rising at the highest rate since 1984. the average americans are feeling it whenedian household north carolina -- income is down and savings is nominal. >> the government adds everything, the apple computers d everything and some prices coming down and it equals out to sml inflation but gasoline is up 93%, peanut butter up 36%, college textbooks up 24%. hospital services up 24%, uncooked ground beef up 18%. i mean these things add up. these are things we can't avoid buying. >> sure. you can't avoid bing those and meanwhile we're not seeing inflation in wages. you're talking about all these inputs and we're trying to

assess how the average household spends money. the answer is in some sectors like foodwe are seeing rising prices. is it inflation? complexity in commodities? we'll see it erode, especially food, because of the slowdown in europe and china. i'm not concerned about inflation now. you have some sma economists saying we could be looking at deflation. it's not clear we have solid inflation. >> it's not complicated to a lot of people who look at things -- not just food, hospital services up 25%, airfare 16, auto insurance up 16%, prescription drugs up about 15 -- i feels like inflation to me. >> yeah. it's not complicated all. what is complicated is cpi, an artificial number you can make low or high. >> consumer price index.

>> consumer price index. if we measured cpi the way we did in the 70s we wouldave high inftion. they used to measure the dollar in terms of gold. the dollar has fallen, 250th of an ounce in 2001. that is inflation, it's not if, it is now. >> shepard: what. >> garbage in,n, garbage out. they're not playing with the stats. since the 70s we've used this index. you can complain about te index but don't think you can make a case there's a government conspiracy unless you're jack welch. it's not conspiracy, it is what it is. >> don't beat up on jack. >> i will in a heartbeat. the -- look, there are prices that are going up. prices going down. what i wou love to do, rather than focus on it, take a look at the impact that the drought had

on food prices and maybe even look at what might be behind that. >> you can say that, we're not excluding it but stick to the is subject. some prices have nothing too with the drought at all. you add it up and it adds up to ination. >> i go by the wifeudget index. the budget for shopping in my household is going up every single week so we can do the same amount of food shopping. i would imagine that i'm probably not that different from many other families in the country where incomes are falling or staying the same and theost of buying groceries -- you're right, in my house, we can't live without apparent burt. that's happening across the country. >> there are other things like government services, going way up. >> buses, subways, tolls, extra taxes. there is inflation. it does take money out of people's pockets. >> the government is not

manipupulating the data. it doesn't need to. seniors, you're not key to peanut butter and medicine. throw in the kitchen snk and ipad. you seniors are getting too much out of your social security benefits. >> all right. th's got to be the last word. a new buyout plan of pubc workers is ramping up. is it going to bring the buen on taxpayers down? first, forget the fiscal cliff. whthe healthcare law might have you putting the cork ba into that bubbly this new year. that's coming up next. there are patients who will question, y does my mouth feel dryer than i remember it to be? there are more people taking mormedication, so we see people suffering from dry mouth more so.

we may see more cavities, bad breath, oral irritation. a dry mouth sufferer doesn't have to suffer. i would recommend biotene. the enzymes in biotene products help supplement enzys that are naturally in saliva. biotene helps moisten those areas that have become dry. those that are suffering can certainly benefit from biotene.

so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i ha a different chart. going that way, does that make a difference ? look at verizon. 's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking th verizon. verizon. more 4g lte coverage than all other networks combined.

>> the fiscal cliff, it's not only thing read to whack americans come january 1st. lots of faxes and - taxes and fees will smack us as well. you say this could hold back a full recovery. how 0 so? there. >> these taxes are real, scheduled to go in effect after the election. they really hit seniors mos you talk about who is dependent on medical devices, the tax on those companies will go up and they pass that along to consumers. you're going to see increased prices i mecal devices. seniors are dependent on medical devices. we're putting a -- changing how much you can take -- deduct fro

taxes on medical expees. you'll be able to deduct less. >> flexible spending accounts. >> it has to do with flexible spending and tax deductions. they get hit too. these are real sneaky taxes that wewe don't need to see right no. certainly not in this sort of fragilstage of semi recovery. >> rick, i talked to small business people a guy who owns 40 appleby's has three projects on hold because he's not going to be able to pay for full-time employees. it's cutting back on the ability to expand business. >> i'm not sure owning 40 applebys counts as a small business. >> a lot of small business people say it prevent them from hiring and spending. >> small business people express

concern but if you push and ask them the right questions, you find they still don't understand theaw. look, i have to -- >> it's hard to understand. >> i understand it. i very much disagree with victoria. first of all if you want to take theax on medical equipment, it's not hitting seniors, you might mplain it's hitting you because medicare is going to pick up the bill for most of those equipment costs. .9% of medicare tax on people earning more than $250,000, you know what? our economy has survived much more. >> small business owners -- yes, we're not hiring because of health reform. nine out of ten ecomistsith theational business economist survey says health reform is slowing and hiring is slowing down in the country. mandate tax is big, why hire another worker if you have to pay a mante tax, face i.r.s.

probes and p accounting fees which crowd out the capital needed to create jobs. >> now that we admit it is a tax, that's one of the biggest things hurting small businesses right now. >> i think al the knee jerk tax haters on this panel can think about something fundamental about government finance. if the gornnt wrecks the economy by being big, it doesn't matter where it pays with a tax hike or your cret card. >> the fact is it matters a lot to small businesses, many of whom are up at night trying to think how to pay for it. >> 2.3% tax on medical device makers is a jobs killer. ettes one of our highest paying industries and many companies are putting offpening new plants and hiring more people. the wages paid in this industry are about 15% higher than the average wages in the country and it's killing the r & d a it's very bad for the economy. >> not only bad for the economy

but bad for people worried about invasions from that particular industry. they'rgoing to have to pay for the newax. >> well, yeah. what we'll see is that those jobs will go overseas. if you're interested in a medical device company, maybe the ited stes isn't the best place to do it. i agree. the jobs issue is real. it's just a tax on hiring. >> quick last word, rick. >> this is the kind you have stuff that gets pople confused. it'not going to send jobs overseas. tax is on sales taking place he. we need to understand this law better. >> hold up that cup that you've got in fron proud to be a bleeding heart liberal. >> disappointing profits this earning season by gole but yum earning season by gole but yum and -- find out which other [ male announcer ] you are a business pro.

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>>we're back with a stocks ready to get a pop from a strong profit report. emack eco labs. >> they're selling like gang busters ways to make oil, food services, healthcare, water, cleaner and safer. stock is up, earning power is behind thione. >> bill, do you li it? >> it has a clean balance sheet but i think 30 times earnings is a lot for dishwasher detergent industry. >> chart industries is full of gas. >> they